The holiday rush may still be weeks away, but retailers are in full holiday hustle mode. Fittingly, that theme was front and center at Retail Brew’s in-person gathering in August. “Rewiring Retail: Mastering Data, Inventory, and the Online Customer Experience” in New York City saw top retail executives bring their A-game with hot takes for the upcoming holiday season. Here are some of the top takeaways from our chats with some of the best speakers in the business. Sticking to core SKUs Dibs Beauty CEO Jeff Lee remarked that while shoppers are still spending, the consumer is reeling under pressure. According to Maggie Barnett, COO of ShipHero, brands are going to invest toward their mainline essentials this holiday season. “We’re going to have a lot of products, but again, it’s going to be a limited run,” Barnett told Retail Brew. “We’re going to stick to core SKUs. There’s not going to be a lot of the outlier SKUs.” Keeping costs down: ‘It’s not about UPS, FedEx, DHL anymore.’ Barnett said we’re not going to see “fully stocked shelves” this time around as inventory for Q4 is running light. “We’re trying to get folks to get their inventory [in] early, but people are waiting till the last minute,” Barnett said. Retailers don’t want to gamble on experimental products that might just sit on shelves in January. Keep reading here.—VC |